Trump's second son Eric Trump: WLFI stablecoin USD1 will be used by MGX to complete investment in Binance

Eric Trump, the son of US President Donald Trump, stated that World Liberty Financial has been officially selected to issue the USD stablecoin (USD1) for the official stablecoin to complete MGX's $2 billion investment in Binance.

At the Token2049 event held in Dubai, Trump said: "We thank MGX and Binance for their trust in us, I think this is just the beginning."

Earlier this year, investment company MGX, based in Abu Dhabi, announced a $2 billion investment in purchasing shares of Binance.

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Trump's second son Eric Trump: WLFI stablecoin USD1 will be used by MGX to complete investment in Binance

All Comments

Recommended for you

The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.

The US spot Ethereum ETF saw a net outflow of $75.2 million yesterday.

Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

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